Bahrain-based AlAbraaj Restaurants adopts Bitcoin treasury strategy 🇧🇭
AlAbraaj Restaurants, a Bahrain-based catering company, has integrated a Bitcoin treasury strategy, seeking to boost shareholder value and explore Sharia-compliant Bitcoin initiatives.
In collaboration with investment firm 10X Capital, AlAbraaj will accumulate Bitcoin, similar to MicroStrategy's approach, and aims to develop its financial instruments for the Islamic market.
Launching with an initial 5 BTC investment, AlAbraaj plans to prioritize Bitcoin in its corporate treasury while leveraging 10X Capital's expertise in digital asset management.
This move positions AlAbraaj as the 'MicroStrategy of the Middle East,' tapping into the Gulf Cooperation Council's economic potential.
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